ILONATO
ActiveSummary
The computed 12-month bankruptcy probability of ILONATO is 4.4% (elevated). The 2024 annual accounts show equity of €10.5m and a net result of €5.1m. Equity is growing by ~46.9% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+6
Solvency54▲+6
Growth85=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.14 in 2023; short-term debt: 39.9% and cash: 4.6% of total assets), and 71.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.7%
Return on assets
13.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
50 d early
2022
30 d late
2021
31 d late
2020
55 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, unclassified schema
In the rankings
#2 fastest grower in Brussels, Construction sector#8 company by equity in the Brussels-Capital Region, Specialised construction sector#9 company by total assets in the Brussels-Capital Region, Specialised construction sector
Turnover
€41.4m▲ 14.5%
2023 · €36.2m
EBIT margin
13.2%▲ 2.1pp
2023 · 11.0%
Net result
€5.1m▲ 88.3%
2023 · €2.7m
Working capital
€1.4m▼ 10.1%
2023 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€25.5m€36.2m▲ 41.9%€41.4m▲ 14.5%
Operating result€645,159▼ 24.9%€1.8m▲ 179%€4.0m▲ 121%€4.0m▲ 0.4%€5.5m▲ 36.7%
Net result€543,004▼ 8.8%€1.3m▲ 137%€2.9m▲ 124%€2.7m▼ 7.0%€5.1m▲ 88.3%
EBIT margin15.6%11.0%▼ 4.6pp13.2%▲ 2.1pp
Equity€1.8m▲ 19.9%€2.9m▲ 61.5%€4.9m▲ 71.6%€6.7m▲ 36.4%€10.5m▲ 57.1%
Total assets€12.0m▲ 93.3%€15.2m▲ 27.4%€18.9m▲ 24.2%€29.2m▲ 54.1%€36.6m▲ 25.3%
Debt€10.2m▲ 116%€12.4m▲ 21.5%€14.0m▲ 13.2%€22.5m▲ 60.3%€26.1m▲ 15.9%
Working capital€1.5m▼ 11.1%€3.6m▲ 130%€2.0m▼ 43.4%€1.6m▼ 21.1%€1.4m▼ 10.1%
Staff (FTE)18.7▲ 24.7%24.4▲ 30.5%30.7▲ 25.8%34.6▲ 12.7%40.3▲ 16.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36.6m
Fixed assets
€20.5m ▲ 26.0%
Current assets
€16.0m ▲ 24.5%
Equity and liabilities €36.6m
Equity
€10.5m ▲ 57.1%
Debt
€26.1m ▲ 15.9%
Debt's share of the balance-sheet total falls from 77.1% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6.4m▲
2023 · €5.0m
Cash flow
€6.0m▲
2023 · €3.7m
Current ratio
1.10▼
2023 · 1.14
Quick ratio
0.56▲
2023 · 0.52
Debt to equity
2.48▼
2023 · 3.37
ROE
48.1%▲
2023 · 40.2%
ROA
13.8%▲
2023 · 9.2%
Interest coverage
8.88▼
2023 · 10.92
Debt ≤ 1 year
€14.6m▲
2023 · €11.3m
Debt > 1 year
€11.4m▲
2023 · €11.2m
Income taxes
€1.2m▲
2023 · €935,574
Staff costs
€2.2m▲
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €25.6m | €36.3m | €41.5m | ▲ 14.5% |
| Turnover70 | - | - | €25.5m | €36.2m | €41.4m | ▲ 14.5% |
| Other operating income74 | - | - | €65,071 | €75,720 | €60,322 | ▼ 20.3% |
| Non-recurring operating income76A | - | €2,354 | €29,455 | €17,014 | €35,418 | ▲ 108% |
| Operating charges60/66A | - | - | €21.6m | €32.3m | €36.1m | ▲ 11.7% |
| Goods for resale, raw materials and consumables60 | - | - | €18.6m | €28.0m | €30.8m | ▲ 10.4% |
| Purchases600/8 | - | - | €19.9m | €28.8m | €31.7m | ▲ 10.2% |
| Change in stocks: decrease (increase)609 | - | - | -€1.4m | -€822,521 | -€853,875 | ▼ 3.8% |
| Services and other goods61 | - | - | €895,977 | €1.3m | €1.6m | ▲ 26.2% |
| Remuneration, social security and pensions62 | - | €898,290 | €1.3m | €1.7m | €2.2m | ▲ 31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €393,059 | €427,601 | €493,272 | €989,699 | €956,871 | ▼ 3.3% |
| Other operating charges640/8 | - | €201,165 | €307,390 | €401,726 | €502,320 | ▲ 25.0% |
| Non-recurring operating charges66A | - | - | €74,434 | €20,590 | - | - |
| Gross operating margin9900 | €1.9m | €3.3m | - | - | - | - |
| Operating profit (loss)9901 | €645,159 | €1.8m | €4.0m | €4.0m | €5.5m | ▲ 36.7% |
| Financial income75/76B | - | €71,991 | €91,824 | €108,696 | €1.6m | ▲ 1,339% |
| Recurring financial income75 | €54,548 | €71,991 | €91,824 | €85,696 | €1.6m | ▲ 1,724% |
| Income from financial fixed assets750 | - | - | - | - | €1.5m | - |
| Income from current assets751 | - | - | - | - | €4,526 | - |
| Other financial income752/9 | - | - | €91,824 | €85,696 | €108,345 | ▲ 26.4% |
| Non-recurring financial income76B | - | - | - | €23,000 | €1,050 | ▼ 95.4% |
| Financial charges65/66B | - | €147,523 | €181,770 | €485,834 | €759,813 | ▲ 56.4% |
| Recurring financial charges65 | €115,788 | €147,523 | €181,770 | €485,834 | €759,813 | ▲ 56.4% |
| Debt charges650 | - | - | €161,773 | €456,733 | €723,147 | ▲ 58.3% |
| Other financial charges652/9 | - | - | €19,997 | €29,101 | €36,666 | ▲ 26.0% |
| Profit (loss) for the period before taxes9903 | €583,919 | €1.7m | €3.9m | €3.6m | €6.3m | ▲ 73.2% |
| Income taxes67/77 | €40,915 | €436,795 | €1.0m | €935,574 | €1.2m | ▲ 29.9% |
| Taxes670/3 | - | - | €1.0m | €935,574 | €1.2m | ▲ 29.9% |
| Profit (loss) for the period9904 | €543,004 | €1.3m | €2.9m | €2.7m | €5.1m | ▲ 88.3% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €315,750 | - |
| Profit (loss) for the period to be appropriated9905 | €543,004 | €1.3m | €2.9m | €2.7m | €4.7m | ▲ 76.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.0m | €15.2m | €18.9m | €29.2m | €36.6m | ▲ 25.3% |
| Fixed assets21/28 | €7.1m | €7.1m | €8.4m | €16.3m | €20.5m | ▲ 26.0% |
| Intangible fixed assets21 | €89,909 | €98,096 | €85,837 | €76,020 | €63,960 | ▼ 15.9% |
| Tangible fixed assets22/27 | €7.0m | €7.0m | €8.3m | €14.7m | €14.7m | ▲ 0.6% |
| Land and buildings22 | - | €6.0m | €7.0m | €12.5m | €12.9m | ▲ 3.0% |
| Plant, machinery and equipment23 | - | €389,105 | €413,342 | €361,089 | €417,940 | ▲ 15.7% |
| Furniture and vehicles24 | - | €245,556 | €262,830 | €338,128 | €245,570 | ▼ 27.4% |
| Leasing and similar rights25 | - | €370,115 | €611,536 | €1.4m | €1.2m | ▼ 18.3% |
| Other tangible fixed assets26 | - | - | - | €9,301 | €9,301 | = |
| Financial fixed assets28 | €22,066 | €22,066 | €22,066 | €1.6m | €5.7m | ▲ 264% |
| Affiliated companies280/1 | - | - | - | €1.6m | €5.7m | ▲ 268% |
| Participating interests280 | - | - | - | €1.6m | €5.7m | ▲ 268% |
| Other financial fixed assets284/8 | - | - | €22,066 | €22,066 | €22,066 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €22,066 | €22,066 | €22,066 | = |
| Current assets29/58 | €4.9m | €8.1m | €10.5m | €12.9m | €16.0m | ▲ 24.5% |
| Stocks and contracts in progress3 | €2.6m | €4.8m | €6.2m | €7.0m | €7.9m | ▲ 12.1% |
| Stocks30/36 | - | €4.8m | €6.2m | €7.0m | €7.9m | ▲ 12.1% |
| Goods purchased for resale34 | - | - | €6.2m | €7.0m | €7.9m | ▲ 12.1% |
| Amounts receivable within one year40/41 | €1.7m | €2.4m | €3.4m | €4.5m | €6.4m | ▲ 41.5% |
| Trade receivables40 | - | €2.4m | €3.4m | €4.4m | €5.8m | ▲ 31.8% |
| Other amounts receivable41 | - | - | €5,441 | €158,438 | €647,697 | ▲ 309% |
| Cash at bank and in hand54/58 | €644,226 | €856,872 | €877,769 | €1.2m | €1.7m | ▲ 34.4% |
| Deferred charges and accrued income490/1 | - | €5,333 | €36,654 | €43,783 | €32,108 | ▼ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.0m | €15.2m | €18.9m | €29.2m | €36.6m | ▲ 25.3% |
| Equity10/15 | €1.8m | €2.9m | €4.9m | €6.7m | €10.5m | ▲ 57.1% |
| Contributions10/11 | - | €420,000 | €420,000 | €420,000 | €420,000 | = |
| Reserves13 | €4,795 | €4,795 | €4,795 | - | €315,750 | - |
| Non-distributable reserves130/1 | - | €4,795 | €4,795 | - | - | - |
| Reserves not available under the articles1311 | - | €4,795 | €4,795 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €315,750 | - |
| Profit (loss) carried forward14 | €789,541 | €1.6m | €3.7m | €5.3m | €8.6m | ▲ 64.0% |
| Investment grants15 | - | €822,037 | €756,831 | €1.0m | €1.1m | ▲ 13.5% |
| Amounts payable17/49 | €10.2m | €12.4m | €14.0m | €22.5m | €26.1m | ▲ 15.9% |
| Amounts payable after more than one year17 | €6.9m | €7.8m | €5.5m | €11.2m | €11.4m | ▲ 2.4% |
| Financial debts170/4 | - | €7.8m | €5.5m | €11.1m | €11.4m | ▲ 2.3% |
| Leasing and similar obligations172 | - | - | €523,999 | €1.2m | €929,937 | ▼ 20.6% |
| Credit institutions173 | - | - | €5.0m | €10.0m | €10.5m | ▲ 5.0% |
| Other amounts payable178/9 | - | €32,500 | €42,000 | €37,400 | €44,900 | ▲ 20.1% |
| Amounts payable within one year42/48 | €3.3m | €4.6m | €8.5m | €11.3m | €14.6m | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €694,016 | €754,651 | €1.5m | €3.2m | ▲ 122% |
| Financial debts43 | - | - | €3.1m | €3.7m | €3.8m | ▲ 2.8% |
| Credit institutions430/8 | - | - | €3.1m | €3.7m | €3.8m | ▲ 2.8% |
| Trade debts44 | €2.2m | €3.2m | €3.2m | €4.6m | €5.5m | ▲ 20.7% |
| Suppliers440/4 | - | €3.2m | €3.2m | €4.6m | €5.5m | ▲ 20.7% |
| Taxes, remuneration and social security45 | - | €435,228 | €1.1m | €929,285 | €766,419 | ▼ 17.5% |
| Taxes450/3 | - | €354,048 | €1.0m | €781,538 | €574,813 | ▼ 26.5% |
| Remuneration and social security454/9 | - | €81,180 | €105,482 | €147,747 | €191,607 | ▲ 29.7% |
| Other amounts payable47/48 | - | €220,000 | €325,000 | €600,000 | €1.3m | ▲ 108% |
| Accrued charges and deferred income492/3 | - | €24,423 | €25,740 | €50,494 | €46,362 | ▼ 8.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €543,004 | €1.3m | €2.9m | €2.7m | €5.1m | ▲ 88.3% |
| + Depreciation and write-downs630 | €393,059 | €427,601 | €493,272 | €989,699 | €956,871 | ▼ 3.3% |
| Operating cash flow (approximation) | €936,064 | €1.7m | €3.4m | €3.7m | €6.0m | ▲ 63.6% |
| Investment in fixed assets (approximation) | - | -€458,734 | -€1.8m | -€8.9m | -€5.2m | ▲ 41.4% |
| Change in cash | - | €212,646 | €20,897 | €367,785 | €428,781 | ▲ 16.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €5.1m ▲88.3%
Operating result €5.5m, net result €5.1m, both a record.
31-12
Financial
Equity above €10mEq €10.5m ▲57.1%
7 profitable years in a row build equity to €10.5m.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Equity above €5mEq €6.7m ▲36.4%
6 profitable years in a row build equity to €6.7m.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €2mEq €2.9m ▲61.5%
4 profitable years in a row build equity to €2.9m.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 55 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 7 establishment units since 2016
Ground area
2.4 ha
Building footprint
1.5 ha
Volume, LiDAR
101,567 m³
7 parcels, Brussels · tallest building 18.3 m, ±3 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
7 establishment units
ILONATO
since 20162.252.981.980
ILONATO
since 20192.290.646.981
ILONATO
since 20202.301.088.339
ILONATO
since 20232.347.480.370
Ilonato
since 20232.348.515.597
Ilonato
since 20252.374.467.552
Show 1 more locations
Ilonato
since 20252.374.467.651
7 parcels
Brussels
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0171/00D002 | Brussels | 8,881 m² | 1 · 5,845 m² | 18.3 m · 2 fl. |
| 21821C0147/00F000 | Brussels | 4,907 m² | 1 · 655 m² | 6.4 m · 1 fl. |
| 21821C0148/00V000 | Brussels | 4,476 m² | 1 · 4,777 m² | 9.1 m · 3 fl. |
| 21821C0148/00P000 | Brussels | 3,627 m² | 1 · 2,163 m² | 16.8 m · 2 fl. |
| 21821C0146/00A002 | Brussels | 1,598 m² | 1 · 1,137 m² | 7.1 m · 1 fl. |
| 21821C0149/00E000 | Brussels | 272 m² | 1 · 262 m² | 10.6 m · 2 fl. |
| 21821C0143/00C003 | Brussels | 147 m² | 1 · 146 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900TW2ANAQWVXOU50
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
46630Wholesale trade
46831Wholesale of construction materials, general range
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.